StockMarket

M-cap of 7 of top 10 most valued companies slumps Rs 67,980.60 crore
NEW DELHI: Seven of the top 10 most valued companies of the country together lost Rs 67,980.60 crore in market valuation last week, dragged down by Tata Consultancy Services (TCS) which took the sharpest hit.

While Reliance Industries Ltd (RIL), TCS, HDFC Bank, HUL, ITC, Infosys and Kotak Mahindra Bank witnessed fall in their market capitalisation

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By Mark GongloffBuffett’s BurdenWarren Buffett has coasted for a long time on a folksy demeanor, relative general decency and decades of ludicrous business success. But everybody’s got to face the music eventually, and this may be Buffett’s time.

His mammoth investment vehicle, Berkshire Hathaway Inc., is due to release his latest annual letter

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After Market: 261 scrips show a bullish tilt, Kotak Bank falters
NEW DELHI: Indian equity benchmarks Sensex and Nifty saw a lacklustre close on Friday after two straight sessions of gains due to a poor show by Kotak Mahindra Bank, HDFC twins and Reliance Industries.

Signs of progress in the ongoing US-China trade talks, however, contained any big damage.

Sensex kept fluctuating between gains and losses

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F O expiry, trade talks and macro data among 7 factors that will steer D-Street in the week ahead
NEW DELHI: Volatility marked the proceedings on Dalal Street throughout last week, as headline indices Sensex and Nifty swung between gains and losses as investors remained wary about the Indo-Pak tension and political uncertainty in the run-up to general election.

However, there was a gradual ebb in volatility by the end of the week, as

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If voters go by NDA report card, we'll win more seats than in 2014: Piyush Goyal
Piyush Goyal, Minister of Railways - Coal, on Saturday said the NDA government was committed to doubling farm income and that it has a holistic plan to ensure that domestic farmers have a better future.

Addressing the ET Global Business Summit in New Delhi, Goyal said the NDA government's report card is now before the people of India, as it

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Tech View: Nifty's weekly Hammer formation signals buying at lows
NEW DELHI: The Nifty on Friday ended flat to form an indecisive candle on the daily chart.

On weekly charts, a clearer pattern emerged with a ‘Hammer’ formation, signalling emergence of buying at lows.

“Usually, this kind of formations shall have bullish connotations for the near term, but a confirmation in this regard will come once the Nifty50 g

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US-China said to be haggling over how to enforce currency pact
By Saleha Mohsin and Jenny LeonardThe US and China haven’t yet agreed on the critical issue of enforcement in a proposed currency deal that would ensure Beijing lives up to its promise to not depreciate the yuan, four people familiar with the matter said.

Treasury Secretary Steven Mnuchin on Friday touted the currency pact as the strongest ever,

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Kotak Mahindra Bank stock falls after ING exits via a block deal
MUMBAI: Shares of Kotak Mahindra Bank ended down 3.7% at ₹1,241.05 on Friday after ING sold its remaining stake in the lender.

ING Mauritius Investment held 3.06% stake or 5.84 crore shares in Kotak Mahindra Bank as of December 31, 2018. The Dutch firm had also sold 1.3 crore shares of Kotak Mahindra Bank in November through a bulk deal at an

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Looking to invest in consumer finance, healthcare, infra sectors in India: Jonathan Gray, Blackstone
NEW DELHI: India has all the ingredients to become successful and is a top performing geography for Blackstone’s private equity (PE) business, the group’s president Jonathan Gray said on Friday.

Speaking at the TheIndianSubcontinent Global Business Summit (GBS), Gray said Blackstone was looking at consumer finance, healthcare, infrastructure

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In a shift, Buffett says focus on Berkshire's stock price
Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing.

No longer.

Buffett said in his annual letter to Berkshire shareholders on Saturday that the conglomerate's stock price will over time "provide the best measure of business performance."

In conjunction with

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MUMBAI: Everyone wants a piece of Chennai Super Kings (CSK), it seems. Unlisted equity shares of the Chennai-based Indian Premier League (IPL) cricket team are getting traded at prices ranging from ₹25 to ₹32 apiece, according to brokers dealing in unlisted stock.

“CSK is among the most popular unlisted scrips these days,” said Sandip Ginodia, own

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F O: Gradual fall in Vix signals short-term stability in Nifty50
The Nifty50 index opened flat, failed to surpass previous day’s high and remained rangebound for most part of the session on Friday. The index formed a small bodied candle on the daily scale followed by a hammer candle on weekly chart, which indicates that buying interest was visible at lower levels.

Now, Nifty needs to hold above the 10,750 zone

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Buffett appears to fault Trump, laments M A dearth in Berkshire letter
Warren Buffett on Saturday appeared to fault US President Donald Trump for taking too much credit for the nation's economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy.

Buffett lamented these states of affairs in his widely read annual letter to Berkshire

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Adani Power, Adaro, NLC in race to buy some IL FS assets
MUMBAI: Indonesian coal miner Adaro, Adani Power and state-run NLC India are among a dozen companies that have expressed interest in buying IL-FS Tamil Nadu Power and related assets of the debt-laden IL-FS group, two people familiar with the matter said.

Along with the thermal plant in Cuddalore, the group is looking to sell its stake in a

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Stocks turn listless, end week on a tepid note
NEW DELHI: Key stock benchmarks ended on a subdued note on Friday as a rush to book profit took hold.

The absence of any positive global leads kept sentiment depressed.

Dovish remarks of the RBI in its February minutes did little to move investors.

NSE's Nifty hit a high of 10,801 intraday, but settled at 10,792, up a measly 1.80 points, or 0.01

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Fed's policy pause sets stage for broad overhaul
When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to US economic growth and the need for more time to sort through the data.

But whether by design or by happenstance, their policy pause effectively cleans

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Gold deposit schemes can run for only up to a year
MUMBAI: Jewellers offering gold savings programmes, wherein buyers pay every month to receive the contracted piece of ornament at the end of the year, must necessarily hand over the item within 365 days and can’t promise instalment waivers after a federal order Thursday banned unregulated deposit plans. Bullion market sources said that jewellers
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View: Will India-s mutual funds NBFCs need a bailout to navigate the mess
Right now, India’s financial system cries out for a bailout fund, not just more liquidity in the system. Mutual funds have lots of funds after individuals started seeing fixed deposits, middle-class India’s traditional saving instrument, as less than attractive. But the MFs’ avenues of investment have shrunk. Equity is overpriced, in general, tha
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US, China sprint to seal deal ahead of Trump's deadline
US and Chinese negotiators met for over seven hours on Saturday to resolve their trade dispute and avoid an escalation of the tit-for-tat tariffs that have already disrupted global commerce, slowed the world economy and roiled financial markets.

The two sides will meet again on Sunday morning as they race to seal an agreement before a March 1

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Mumbai EOW calls 100 brokers to probe role in NSEL trades
MUMBAI: A Mumbai police arm dealing with financial crimes has called about 100 brokers to ascertain their alleged roles in illegal contracts traded on the National Spot Exchange (NSEL), taking forward the probe into a complaint of mass irregularities at the mothballed commodities bourse.

The Economic Offences Wing (EOW) has already questioned

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Buy Voltas, target Rs 500: Phillip Capital
Phillip Capital (India) has a buy call on Voltas with a target price of Rs 500.

The current market price of Voltas is Rs 530.70.

Time period given by the analyst is one year when Voltas price can reach the defined target.

Investment rationale by the brokerage: Current valuations at 27x PE FY20E still look expensive in view of a 9 per cent CAGR in

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FULL TEXT: Warren Buffett's annual letter to Berkshire Hathaway shareholders
To the Shareholders of Berkshire Hathaway Inc Berkshire earned $4.0 billion in 2018 utilizing generally accepted accounting principles (commonly called “GAAP”). The components of that figure are $24.8 billion in operating earnings, a $3.0 billion non-cash loss from an impairment of intangible assets (arising almost entirely from our equity int
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Jet Airways shareholders approve conversion of loan into shares
New Delhi: Shareholders of Jet Airways have approved conversion of loan into shares and other proposals as the crisis-hit carrier seeks to fly out of financial turbulence.

During the extraordinary general meeting (EGM) on Thursday, the shareholders also approved alterations to the company's Articles of Association and Memorandum of Association.

Acc

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BEML share price: BEML inks pact with Lockheed Martin, shares jump 4% - The TheIndianSubcontinent

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Warren Buffett hints at share repurchase by Berkshire, finds prices high for a big acquisition
NEW DELHI: Legendary investor Warren Buffett on Saturday said among its economic trees (read diverse businesses), a few are diseased and unlikely to be around a decade from now. Many others, though, are destined to grow in size and beauty. He warned investors against owning businesses at sky high prices.

In his customary annual letter to

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UBS upgrades SBI to 'buy' from 'neutral'
Mumbai: UBS has upgraded State Bank of India to buy from neutral and raised target price to Rs 360 from Rs 330.

With a distribution reach over 3 times that of the second largest bank, SBI remains in a sweet spot in terms of deposit mobilisation-one of the critical factors to achieve above-industry loan growth rates, said UBS.

With a strong

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Tech Mahindra extends gains post share buyback announcement
NEW DELHI: Shares of Tech Mahindra climbed over 1 per cent, a day after its board approved a buyback of up to 20.6 million shares.

The board of Tech Mahindra has approved a buyback of up to 20.6 million shares (2.06 crore) worth Rs 1,956 crore at Rs 950 per share. The record date of the repurchase, which will represent up to 2.10 per cent of the

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In our previous weekly note, we had mentioned about the Nifty50 slipping below its 50-week moving average and highlighted the importance of this important weekly level.

The first half of the week saw continued weakness in the market. However, the middle of the week saw Nifty rebound after declining for eight consecutive sessions. This pullback

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India can&t afford a chaotic combination, needs 5-year government: Arun Jaitley
The last thing India needs at this stage is political instability, Finance Minister Arun Jaitley said on Friday.

Speaking at the TheIndianSubcontinent Global Business Summit in Delhi, Jaitley said the country cannot afford a chaotic combination in the form of a coalition, asserting that India needs a five-year government, and not a six-month

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Share market update: Metal shares bullish; Welspun Corp jumps 4%
NEW DELHI: Most metal stocks were trading higher in Friday's session, keeping their sectoral index on NSE in the positive zone.

Shares of Welspun Corp (up 4.38 per cent), MOIL (up 2.77 per cent), APL Apollo Tubes (up 2.04 per cent) and Vedanta (up 1.94 per cent) were the top gainers in the metal pack.

National Aluminium Company (up 1.15 per cent),

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